If you want to invest your savings in a good scheme, then this news is especially for you. Many people in the country keep their savings in the bank. However, considering the speed at which inflation is increasing today, you should invest your savings in a good place. If you want to invest for the long term, then the Public Provident Fund Scheme can prove to be a good option for you.
This scheme is very popular in the country. Many people are investing in this scheme. At present, you are getting an interest rate of 7.1 percent by investing in this scheme. This scheme is completely safe in terms of investment. By investing in it, you do not have to face the dangers of any kind of market risk.
You can start investing in the Public Provident Fund Scheme with just Rs 500. In this scheme, you can invest up to Rs 1.5 lakh in a year.
Your money invested in the Public Provident Fund scheme matures in 15 years. If the investor wants, he can invest in this scheme for 5-5 years after 15 years. By investing in this scheme, you get returns according to compound interest.
If you want to collect a big fund of Rs 16 lakh by saving Rs 100, then for this, first of all, you have to open an account in the PPF scheme. After this, you have to save Rs 100 every day and collect Rs 3 thousand every month. In this way, you will have a total of 36 thousand rupees annually.
You have to invest Rs 36 thousand annually in the PPF scheme for 15 years. In this way, after 15 years you will get a total of Rs 9,76,370. If you extend this investment for another 5 years, you will get a total of Rs 15,97,989 after 20 years.
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